| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $261M | $269M | $229M | -3.3% | 13.6% |
| Op. Income | $261M | $201M | $171M | 29.3% | 52.1% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 55.7% | 70.4% | 66.6% | -14.7pp | -10.9pp |
| EPS (Diluted) | $0.89 | $1.17 | $0.94 | -23.6% | -5.1% |
| Free Cash Flow | $150M | $116M | $122M | 29.4% | 22.8% |
| Item | Amount |
|---|---|
| REVENUE | $261M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $261M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $0 |
| OPERATING INCOME | $261M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$73M |
| INCOME BEFORE TAX | $188M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $145M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $145M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $0 |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $261M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $261M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $0 |
| OPERATING INCOME | $261M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$73M |
| INCOME BEFORE TAX | $188M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $145M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $145M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $0 |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $145M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $150M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$433M |
| NET CASH FROM INVESTING | -$433M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $150M |
| Net Change in Cash | -$283M |
